South & Central Asia
Popular news, September 12 – 18, 2016
The most popular news of the week
Moody’s: Hanjin’s Rivals to Benefit from Higher Freight Rates
The disruption to cargo services made by South Korea-based Hanjin Shipping has pushed up spot freight rates temporarily creating better conditions for other container shipping companies which stepped in to plug the gap, according to Moody’s rating agency. “Hanjin’s woes are occurring at a time tradi
Readers’ Picks of the Week (September 12 – 16, 2016)
BIMCO: Lowest Level of Newbuilding Contracts in 20 Years Shipyards become the next victim of the deteriorating conditions in the dry bulk, container and offshore markets as 2016 looks to set the record for the lowest newbuilding contracts in more than 20 years… Read More Hanjin Shipping Gets Cash In
Top news of the week September 12-17
Air Products ships first LNG heat exchanger from its new Florida facility LNG equipment maker Air Products on Friday rolled out the first completed liquefied natural gas (LNG) heat exchanger manufactured at its new production facility in Manatee County, Florida. Wood waste spill at Woodfibre LNG sit
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (September 12-18, 2016). Van Oord Working on One of the Largest Reclamation Projects in Taiwan Van Oord is currently working on the construction of Kaohsiung Intercontinental Container Center Phase II in Taiwan.
Hokkaido Gas to commission second Ishikari LNG storage tank
Japan’s Hokkaido Gas on Friday informed its second liquefied natural gas storage tank recently completed at the Ishikari LNG import terminal on Hokkaido, is set to start operation with the arrival of first cargo over the weekend.
Clarksons: Shipyards Struggling to Remain Active
The number of ‘active’ shipyards globally has more than halved since the start of 2009, falling to around 400 shipyards at the start of September 2016, with rapid growth in the total followed by steep decline all within the last decade, according to Clarkson Research. Global contracting surged by 78
Wartsila, PLN to develop LNG power generation in Indonesia
Finnish engine manufacturer Wärtsilä and Perusahan Listrik Negara, the state power company of Indonesia on Friday signed a deal to cooperate on the development of 500 megawatts of power generation solutions and related small scale LNG storage and regasification infrastructure in Indonesia. This powe
Navig8 Chemical Inks Sale and Leaseback for Tanker Duo
Navig8 Chemical Tankers, a joint venture between the Navig8 Group and Oaktree Capital Management, has entered into a sale and leaseback transaction for two 25,000 dwt stainless steel chemical tankers being built by Japan’s Kitanihon Shipbuilding. Under the agreement, which was entered into with subs
Denmark to Sign Global Ship Recycling Convention
Denmark is taking the first steps towards rules on scrapping ships as the country prepares new regulations to accede to the Hong Kong Convention, which ensures that ships are scrapped and recycled appropriately, according to the country’s minister Esben Lunde Larsen. “Scrap ships must not pollute Th
Noble lands more semi-sub work but dayrate falls
Offshore drilling contractor Noble Corporation has received a contract extension for a semi-sub rig. However, the rig’s dayrate has been more than halved. According to the driller’s latest fleet status report on Thursday, the 1981-built semi-submersible rig Noble Paul Romano has received a one-well
GALLERY: ‘ALP Striker’ completes sea trials
The ultra-long distance towing and anchor handling vessel ALP Striker has completed its sea trials off Pohang, South Korea. The ALP Striker was constructed by Niigata Shipbuilding & Repair, Japan. It is the first of four ultra-long distance towing and anchor handling vessels for ALP Maritime Service